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5 Of Toronto's Top Q4 Industrial Lease Deals

The GTA industrial market had 2.8% availability in Q4, with 881k SF of net absorption, according to figures from Colliers International. Here are five of the region's biggest lease deals. 

1. 8875 Torbram Road (Brampton) 

8875 Torbram Road in Brampton
8875 Torbram Road in Brampton

Node: GTA West

Tenant: TJX

Lease size: 445k SF

Worth noting: The 900k SF LEED Gold-certified facility — with 38-foot-clear ceiling heights — is among Canada’s largest available DCs. While GTA West had 446k SF of new supply in Q4, it was readily absorbed, Colliers said.

2. 10 Canfield Drive (Markham)

10 Canfield Dr in Markham

Node: GTA North

Tenant: Kubota Canada

Lease size: 289k SF

Worth noting: For GTA North, one of the region’s tightest industrial markets (2.4% availability), it is all about Vaughan, which had over 172k SF of positive absorption in Q4 — second-most in the GTA.

3. 95 Market Drive (Milton)

95 Market Dr in Milton

Node: GTA West

Tenant: GENCO

Size: 237k SF

Worth noting: GTA West had the region’s highest net absorption in Q4 (637k SF), driven in large part by the GENCO deal. Asking net rent continues to rise in GTA West — it is currently $6.15/SF.

4. 200 Montecorte St. (Whitby)

200 Montecorte St in Scarborough

Node: GTA East

Tenant: SNC Lavalin

Size: 178k SF

Worth noting: GTA East had the largest availability rate decrease (to 2.9%), with absorption up 110k SF in Q4, and 200 Montecorte was a key contributor. Ajax, Pickering and Whitby’s average asking net rental rates increased from Q3.

5. 1271 Tapscott Road (Scarborough)

1271 Tapscott Rd in Scarborough

Node: GTA Central 

Tenant: Technicolor Canada

Size: 158k SF

Worth noting: This was GTA Central’s largest Q4 deal. The node continues to have the region’s lowest availability rate (1.7%) and saw the smallest increase in rental rates versus Q4 2015: $4.65/SF vs. $4.62/SF.